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on the economy specifically right how giving the looming fiscal cliff. so i suggest -- or i imagine they will discuss that, as well. but do we expect anything larger to come out of this? the white house is managing expectations saying there is really no agenda for this luncheon. it's really to bury the hatchet and to allow the country to move on, as well. >> right now, though, we do know treasury secretary tim geithner as we were telling everyone was on the hill, these marathon meetings with congressional leaders. what more do we know about those meetings? obviously starting off with some of the harder ones at first bhak through nancy pelosi as his last. >> we know the treasury secretary will be heading to the hill with rob nabors. he will be meeting with all of these congressional leaders separately. starting off -- or including house speaker john boehner. of course boehner will be key to moving the needle on these fiscal cliff negotiations. this comes on the heels of a phone call between president obama and speaker boehner which occurred credit. my sources are telling me the phone
's look at the fiscal cliff. >> think of the economy as a car and the rich man is the driver. if you don't give the driver, he'll drive you over a cliff. >> that's an aside show and this is "hardball," the place for politics. >>> never too early for pollsters to start head to 2016. guess who's looking very strong? hillary clinton. a new abc news/washington post poll say they would back hillary clinton. it's helpful no one has run a campaign against clinton for the past four years and also helping her numbers is 68% approve of the job she's done as secretary of state for this country. >>> welcome back to "hardball." we know now that mitt romney blames his loss on obama's gifts. i should put the quote marks around that. the much maligned 47% came out in force. last night paul ryan distanced himself from his running mate's remarks. take a look. >> both parties tend to divide americans into our voters and their voters. let's be really clear. republicans must steer far clear of that trap. we must speak to aspirations and anxieties of every american. >> you know, it's hardly a month and he's g
tonight, the simpson's mr. burns gives usña rich man' look at the fiscal cliff. >> think of the economy as a car and the rich man is the driver. if you don't give the driver, he'll drive you over a cliff. >> that's an aside show and this is "hardball," the place for politics. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> never too early for pollsters to start head to 2016. guess who's looking very strong? hillary clinton. aç new abc news/washington pos poll say they would back hillary clinton. it's helpful no one has run a campaign against clinton for the past four years and also helping her numbers is 68% approve of theon she's done as secretary of state for this cou
tonight, the simpson's mr. burns gives us a rich man's look at the fiscal cliff. >> think of the economy as a car and the rich man is the driver. if you don't give the driver, ç he'll drive you over a cliff. >> that's an aside show and this is "hardball," the place for politics. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best values of the year. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> never too early for pollsters to start head to 2016. guess who's looking very strong? hillary clinton. a new abc news/washington pos
's time i explain to these good people about the fiscal cliff. think of the economy as the car and the rich man as the driver. if you don't give the driver all the money, he'll drive you over a cliff. it's just commonsense. >> finally someone on the right willing to tell the truth. but here's the thing. this time it doesn't matter if mr. burns, speaker boehner, or the tea party try to hold the american people hostage just to get what they want. the president isn't going to budge. >> so i want to sq thank you both for coming on the show tonight. congresswoman, let me start with you. is the gop serious about holding the economy hostage again just to get what they want? >> well, think about the cards that they are holding. they are in favor of tax cuts for the rich. they want to cut tax care programs and medicare and make seniors pay and threaten the economy of the united states of america by defaulting on payments or at least to threaten that. this is not a very popular position among the public. in fact, they will be -- i think it's a suicide mission that they are on, that the a
on the debt. >>> all the numbers indicate that going off the fiscal cliff would hurt the u.s. economy in the short term. but could it be the best thing in the long run? going off that fiscal cliff. to this point most of the conversation has been focused on what happens in january, and for good reason. there's no deal in congress. tax rates go up for a lot of folks, all americans. and a $1.2 trillion worth of defense and spending cuts will be automatically enacted. excuse me, that fiscal cough i told you about. the alternative minimum tax kicks in and put it all together and the results are pretty. the economy would contract by half a percent in 2013. unemployment would raise to 9.1% and the economy would experience what cbo said would be judged as a recession. but after that, then things start to look pretty good. the cbo says after next year by the agency's estimates economic growth will pick up. the labor market will strengthen returning output to its potential level. 5.5% by 2018. essentially if no deal is struck, the federal government would be forced to do what it's refused to do
cliff where the economy stops on january 1st is completely misleading. it's a squeeze. everyone will feel it, but then you're in a position where everyone can vote to cut taxes. that might be more politically feasible. >> i like that perspective. you help us take out some of the fear mongering we see, a lot of the media is perpetuating. that's why we're doing the fiscal follies and the wheel of fortune. fiscal fiesta. the media is doing all this fear mongering and you get a lot out of washington. this is a self-created drama, of course. these cliff negotiations. but the markets are remaining relatively calm and steady. why are investors being so cool and above the fray when everybody else is running around with their heads cut off? >> everybody thinks what you see on tv with the duelling positions and we refuse to negotiate, the market sees it for what it is, which is theater. everyone is staking out the position trying to suck up to the base. there will be behind the scenes caving at some point, and if there isn't, if everyone just says absolutely not, we're not doing a deal, i
comfortable sending the economy over the fiscal cliff. >> let's bring in our friday gaggle, associate editor and columnist for the hill amy stoddard, danielle gibbs, and columnist for bloomberg view and national review and one of the funnier people on twitter and he did not pay me to say that but i will start with you. so we kind of feel like we're back to square one. should republicans having seen them lose the presidency by a wider margin than many people thought lose seats in the senate which i don't think almost anybody -- unless you're a loyal democrat thought, and lose seats, though, to keep control of the house three and a half weeks ago. should they be more willing to say let's just do a deal here and move on? we kind of lost that argument. we need to pick a better fight. >> i think republicans -- before the election they were dead set against any increase in taxes on upper income people or anybody. and they have moved on that but there's a limit how far they can move and the deal put forward yesterday, john boehner could endorse that tomorrow. he is not getting that through the hous
with sending the economy over the fiscal cliff. >> the speaker's remarks riled the left and provoked this response from senate majority leader harry reid. >> he says that democrats have got to get serious about cuts, spending cuts. where is the disconnect, then? >> i don't understand his brain, so you should ask him. okay? >> with only a handful of legislative days left on the congress's calendar before the looming fiscal cliff becomes a raw reality, will the president and house gop find a way over the latest road black and back to the bargaining table? >> why did the white house decide to have this as their opening volley when they knew the response would be a negative one that they drew? >> was it hardball opening? yeah, of course it was. the question is, what's the counteroffer? >> i would imagine there has to -- tim geithner is too smart of a guy in this administration is filled with smart people. they must have a serious strategic plan. >> let's get straight into this and joining me now is senator barbara boxer, democrat from california. senator, it is great to have you with me
of the big pieces of the fiscal cliff, which actually has a way bigger impact on the economy than tax breaks for the folks at the top, and that's the payroll tax extension for 160 million americans. the nonpartisan congressional budget office says that gives you the most bang for your buck economically speaking. i believe we have to extend that for a year or come up with some alternative way of doing that. let me say a quick word about medicare reform. there's a difference in outlook. we believe we have to find savings in medicare. the president did, $760 billion, and we can build on that by trying to modernize the system, reduce costs overall in the system, not simply transfer rising health care costs onto the backs of seniors on medicare. $22,000 median income. that's what the voucher plan did. we believe we can find savings by changing the way we reimburse doctors and hospitals. not by across the board cuts, but by focusing on the value of care, the quality of care, not the volume of care and the quantity of care. >> one final bottom line question for grover norquist. in this deal, are th
of avoiding tough choices on spending and wasting time in the effort to avoid the fiscal cliff. >> it's not a serious proposal. and so right now, we're almost nowhere. >> will there be a deal by the end of the year? and what are the consequences for the economy if there isn't one? we'll ask the president's lead budget negotiator, treasury secretary tim geithner. >>> then the view from capitol hill. are democrats as divided over cutting medicare as republicans are over tax increases? with us, two voices calling for compromise. republican senator bob corker of tennessee and democratic senator claire mccaskill of missouri. >>> finally, our special economic roundtable. as both sides battle over the nation's fiscal health, what can we expect from the economy in a second obama term? what is the vision for an economic rebound? >>> from nbc news in washington, the world's longest-running television program, this is "meet the press" with david gregory. >>> and good sunday morning. amidst a lot of partisan rhetoric on both sides, talks on the fiscal cliff are now at a stand still, and the presi
to drive the economy off the fiscal cliff this january. you might call this thelma and louise economics. right off the cliff. ♪ >> joining me now, senator feldma. >> great to talk to you. >> senator, you've been the leader on how the democrats should be approaching the so-called off the cliff drama and i just want to play something you said on july 16th at the brookings institute. let's listen to that. >> we can't get a good deal, a balanced deal that calls on the wealthy to pay their fair share, when i will absolutely continue this debate into 2013. >> after that, senator mcconnell called that thelma and louise economics. tell us why this cliff is not as disastrous a cliff to go off? >> first of all, no one wants to go off any cliff or hill or slope. there is a responsible way to revolve this. but if we take a bad deal and say that all of the nation's fiscal problems are to be balanced on the back of middle class families and the wealthy don't participate, that's a bad deal we cannot and should not live within this country. >> shortly before your public comments about this this past
is. plus, governors are warnings that a failure to reach a deal on the fiscal cliff could mean havoc for state economies. they're telling congress to get together and get something done. i'll talk with two governors who met the president just a few hours ago, but first in today's money minute, here's a look at the markets. ♪ ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional values during the season of audi event. gives you a low $18.50 monthly plan premium... and select generic hypertension drugs available for only a penny... so you can focus on what really matters. call humana at 1-800-808-4003. five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. you won't take our future. aids affects us all. even babies. chevron is working to stop m
the recovery started. now, i'm not going to blame it all on the fiscal cliff. we have a slowing economy. we have slowing economies around the world. but i was at a dinner with a bunch of ceos in washington who are interested and care about this fiscal issue on monday night. and they were talking about we're not hiring. we're allowing attrition to happen. we're holding back on big spending. we want to see what happens here before we go forward. what's interesting about this is that the consumer seems to have a different view. the consumer -- for the consumer so far, this has sort of passed by. i wouldn't say blissful ignorance, but it has not affected their behavior. you had a fairly strong set of economic numbers this fall. the housing market seems to have finally turned up after a period of obviously deep decline. and so consumer confidence, which is one of our best proxies for this kind of thing, has been turning up and really does not yet -- the fiscal cliff does not yet seem to have penetrated their consciousness. for those of us who were in stores over the holiday weekend, stores are c
over the fiscal cliff because it would be a big drag on the economy. >> but are you willing to do that? >> what we're willing to do is come up with a package that both accelerates economic recovery, but also begins to reduce the long term deficit and the president's been very clear that that means asking higher income earn eaers to pay who are. more. so the real question is whether republicans will agree with tom cole who the other day said we should agree with the president. so let's get that done. let's not hold the middle class hostage to getting a bonus tax break for folks at the top. so it was great to hear tom come forward on that. obviously he's taken some heat within his caucus, but that would obviously avoid the fiscal cliff. >> congressman chriss van hollen, thanks so much. appreciate it. >>> so he mentioned tom cole. let me play what he had to say. >> the president is willing to accept 80% of the bush tax cuts for 9d 8% of the american peopl and make them permanent, we should do that and continue to fight for the things we believe in. >> so, chris, you know john boehner said
own party seem quite comfortable with sending the economy over the fiscal cliff. no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> speaker boehner doesn't want to propose spending cuts, so now he's trying to pressure the white house to do it. >> there's been no serious discussion of spending cuts so far. and unless there is, there's a real danger of going off the fiscal cliff. >> a reporter asked senate majority leader harry reid about speaker boehner's comments. >> he says that democrats have got to get serious about cuts, spending cuts. where is the disconnect then? >> i don't understand his brain, so you should ask him. okay? >> and, of course, another day more republicans dumping grover norquist. among nebraska and is iowa republicans, most of them told the world herald this week they could support a broad budget agreement, even if the deal ends up including higher tax revenues. i won't have a problem with letting those tax rates go up, representative mike simpson said to reuters. but new york congressman chr
really wants to avoid sending the economy over the fiscal cliff, he has done nothing to demonstrate it. the position of congressman tom cole, that the party should agree immediately to extend the bush tax rates for americans making less than $250,000 a year is the best of a bunch of bad choices for the gop. >> the g 0 op is boxed in saying it's a terrible position because by default democrats get what they want. a big bargaining chip for house republicans is they need congress to raise the debt ceiling before the end of february when analysts estimate the treasury would run out of options and hit the borrowing cap. no deal is reached. closer to the deadline and today they will argue that's bad for business. help in supporting an approach without drama or delay a. >> we can't be going through another debt crisis, debt ceiling crisis like in 2011. that has to be dealt with. >> the president of the business roundtable has said congress should raise the debt ceiling enough for the next five years to avoid uncertainty. clearly that's something that won't happen. short term spending cuts sho
wants to avoid with this fiscal cliff conversation. that's why a deal is going to be hammered out probably before the end of the year. the president does have a little political head wind. >> this gives, i think, labor a real opportunity to show the country the graph that we showed, the separation between corporate profits are right there at a record level and wages are going down. the republicans have been so strong to even want to take away workers voices in the workplace. but in these fiscal cliff negotiations, do you really think that the republicans see this chart and they need that economy to slow down a little bit if they are going to win this? >> maybe so. the income inequality in this country has been a problem but it has been for decades. it's been exacerbated by policies passed more recently. so when you go into negotiations, you ask, is it politically correct to be out there arguing that the 2% need to have their tax cuts protected? that's the problem that republicans face. labor does have a bit of an upper hand on this one. but then again, you look at all the stuff be
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there of the business roundtable, the president just getting into the meat of the matter right now, the fiscal cliff issue that's taking a lot of the oxygen out of the room in washington, d.c. i understand we have the shot back up. let's go back to the president. no audio right now? can we show the president? he's actually taken to holding a hand mike so hopefully they'll get the audio issue figured out but we have congressman debbie wasserman schultz 1257bing by, the chair of the dnc and was listening like all of us were to the president and hopefully we'll get the audio issue revolved. congresswoman, good to have you with us. >> thanks, thomas. >> just as we were about to hear what the president was saying with regards to what's taking place in washington, d.c., with you and your colleagues we lost the audio. the vitriol is well established on both sides. the president and john boehner have reportedly not even taken time to speak to each other when face-to-face yesterday at a white house christmas event but it seems both sides can agree that the sky is blue on the one issue when keeping tax cuts w
questions about jobs and the economy. this is similar, except it will focus on the fiscal cliff. $2,000 is the amount the average american will see taxes increase by if they can't get a deal done. i've been looking at the entries to this hash tag, it's mixed so president obama can expect tough x questions. one person writes in, why don't republicans in congress realize that when we voted for you we voted for your tax plan. that's one person. another writes in, what are you willing to compromise with the gop to get this fiscal cliff stuff done? i think president obama preparing to answer some tough questions from voters. over the weekend house speaker john boehner said these negotiations are nowhere. jay carney disagrees with that assessment. now phone calls at this point between president obama and congressional leaders, but the white house says the talks will be ongoing over the next several days, tamron. >> thank you. the president's q and a on twitter comes days after republicans flat-out rejected his opening bid in negotiations. house speaker john boehner appeared on one sunday
who refuses to compromise on the fiscal cliff. now, we know that attitude didn't work well with voters when republicans held the debt ceiling hostage last year, but now with the economy showing signs of life this week, the question becomes will they again place ideology above country? for more we go to julian epstein, a democratic strategist and professor michael eric dyson of georgetown university and an msnbc political analyst. welcome to you both. professor dyson, the economy appears to be rebounding. gdp was better in the third quarter than we thought, up from 2% to 2.7%. and by one estimate new home sales this year will be up 8%, and yet conservatives advise us to place ideology first. now, do they realize what that could do to this country come january and that it will plunge the nation into a certain depression? >> martin, they realize it, but i'm afraid they don't care. the reality is -- >> do you really believe that, professor dyson? >> i absolutely do. i believe this, i believe they are so mon know maniacal about pursuing their ideological beliefs they would defer even the fa
sorry, no way, are we going to raise rates on the wealthy, you guys are willing to go off the fiscal cliff? >> if republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a time when the economy was doing exceptionally well, then there will not be an agreement. >> let's go to the other side. republican house speaker john boehner also digging in, admitting that talks are going nowhere. speaker boehner also describing the moment when geithner first showed him the president's opening offer. >> i was flabbergasted. i looked at him, i said, "you can't be serious." i've just never seen anything like it. you know, we've got seven weeks between election day and the end of the year. and three of those weeks have been wasted with this nonsense. right now i would say we're nowhere, period. we're nowhere. we've put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. they've actually asked for more revenue than they've been asking for the whole
the crux of this fiscal cliff negotiation -- what these fiscal cliff negotiations are all about. they're about fairness. when the president and congressional democrats talk about the need for balanced approach, to deficit reduction and dealing with the fiscal cliff, we're talking about fairness. we're talking about making sure that if you work hard and play by the rules everyone has a chance to succeed. that the middle class needs certainly tight right now. speaker pelosi and my colleague congressman tim walls, filed a discharge petition today to take the bill that we have, that has already passed the senate, that grants certainty to the middle class, to take that bill up and make sure that we can extend the middle class tax breaks before the holidays where we can give -- that's what everyone agrees on. i don't know any republican or democrat that thinks we should let those tax rates -- tax cuts for the middle class expire. so we should pass that now. and then on the things that we're having more trouble agreeing on, we should sit down at the table. the one thing i can assure you, the
who argue that we should go off the fiscal cliff, that it will push them to negotiate a sort of more thoughtful deal -- >> right. >> -- they say that it's not a fiscal cliff, it's, you know, more of a slope. having said that, what is your thought on the psychological impact if we go off the cliff? >> it's huge. it's tremendous. it's absolutely tremendous because it will go across the board from regular americans who are going to see their taxes go up from $500 to $2,000 for middle-income household. this is going to affect their bottom line tremendously. that's groceries. that's saving money. that's their savings money for the year. but also what about mortgage interest? will that affect the housing market? there may be initial -- basically, it will go back down again, the housing market. or if it gets phased in, maybe we'll see a jump because people will rush in before the deduction completely goes away. but i think there's a lot of concern and a lot of panic among regular americans about will i lose these tax deductions? and what's that going to do to the ability to pay all my bills
off with a recession. which is exactly what will happen if we go off the fiscal cliff. >> and he wants to solve this problem. i really believe if we solve this problem, the economy is going to take off. >> but solve it in a big way. don't you agree, governor? >> absolutely. >> we have to go big on this. >> we can't kick the can down the road. sorry we're taking the show over from you. >> i needed a breather, anyway, you're chairman of the fix the debt group. democrats at this point, do you think they are -- dealing seriously enough with entitlement reforms? >> i think some of them like senator durbin are, but there are a lot of people on left of our party, the progressive wing of the party, very progressive wing that haven't come to grips with what i said at the beginning and what susan echoed. that if we're going to ask the republicans to raise rates and raise, i think somewhere around $1.3 trillion in revenue, then we've got to give them something that their base cares about so they can do it. so they can actually make the deal and close the deal. i don't think we're aware of that ye
about the u.s. economy. i think consumers are where it's at. we just got to get over this fiscal cliff thing. >> jonathan capehart. >> i learned president morsi of egypt is fanatical about "planet of the apes." >> that is really all you need to know. jonathan, thank you so much. rana, steve, michael and everybody, thank you for watching today. if it's "way too early," it's "morning joe." chuck todd is next with "the daily rundown." >>> together again. mitt romney makes his way to the white house. it's not exactly the way he wanted to get there. but can something constructive come out of a private lunch between president obama and the man he defeated just three weeks ago? that's right. that was just three weeks ago. >>> also this morning, a deep dive into america's longest war. look into lessons learned and the sacrifices made by troops at one combat outpost. tell us about what's been accomplished and what's not in more than a decade of fighting. as the country wakes up obsessed with numbers and winners, for the lottery, that, we've got a very important update on the election night numb
with the fiscal cliff and there's hot rhetoric to go around. >> our members believe strongly that raising tax rates will hurt the economy. closing loopholes, especially on those who are wealthy, is a better way to raise this revenue. >> in order for us to raise the amount of revenue that's needed just by closing deductions and loopholes for high earners we'd have to, for example, eliminate or severely cap the char itible deduction. >> an obsession to raise taxes not going to solve the problem. what will solve the problem is doing something about the entitlements, taking on the wasteful spending in washington. >> and meantime, "the new york times" jonathan wiseman reports behind the scene republican leaders are considering the president's plan to extend middle class tax cuts now an address the debt and spending in the new year. here's republican senator tom coburn on "morning joe." >> actually, i would rather see the rates go up than the other way and greater chance to broaden the base in the future. >> do something, a down payment on cuts, on investments and revenue this year. and then in the
>> even the late night comics getting fed up with the fiscal cliff stuff. good morning, everybody. i'm brian sullivan and welcome to way too early. only 2 1/2 more shopping weeks left until christmas by the way. so do your duty, america, bring our economy back from the brink. we've got a lot to talk about on this wednesday, december 5th. thanks for joining us. including a shameful display of partisanship in congress that resulted in the voting down of a u.n. treaty aimed at spreading rights for disabled people. even the venerable bob dole could not bring both sides together on this one. also major unrest in egypt as 100,000 protesters stormed the palace in cairo forcing president morsi to flee. we'll update you on the situation there. but first our top story live here at 5:30 a.m. at 30 rock in new york city. and we begin with the latest on the rapidly approaching fiscal cliff deadline of automatic tax hikes on everybody and what appears to be a stalemate in the negotiations. in his first interview since the election, president obama reiterated his demand that any deal must raise
.5, that is a severe recession. >> if we go off the fiscal cliff with no policy changes the near-term negative economic consequences would be significant and most assuredly throw us into a recession. >> comes a day after treasury secretary tim geithner told cnbc the white house is prepared to go the distance if its demands are not met. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again we see there's no agreement that done involve those rates going up on the top 2% of the wealthiest. remember it's only 2%. >> former senator alan simpson, co-founder of the fix the debt campaign, choice words and analysis for would-be cliff jumpers. >> when you have leaders of parties and people from the administration saying, i think it will be to the advantage of the democrats to go off the cliff, wealthy it will be advantage to the republicans to go off the cliff or the president to go off the cliff, that's like betting your country. there's stupidity involved in that. this is big-time stuff. >> surprising exactly no one, senator mitch mcconnell
do think there is -- you can make a political argument that going over the fiscal cliff, may be in democrats' best political interests. now that takes aside the entire debate over whether it's a good thing for the economy. >> they have no idea. >> nobody knows for sure. >> it's a very good point. >> it's a big risk. >> and if you look at polling that says, well this would -- they would blame -- you never know if it's true. i think that is a theory in some democratic circles but to your point, andrea, i think the uncertainty creeps in why no one is saying let's let this deadline pass. >> before i let you both go, since you're two of the smartest people i know in washington, where do we stand on cabinet selections and, you know, the foreign policy team. >> we saw this joking moment, let me replay it, a news conference to push the u.n. treaty on disabilities which -- >> which is going to -- may fail. >> which is unbelievable since america has been -- >> very surprising. >> way out front since the days of bush '41 and tom harken was the big -- >> bob dole. >> and john mccain toda
into a devastating recession. i mean, david said it well in his piece this morning. if you think the fiscal cliff is a problem, this kind of hostage taking around the debt ceiling is multiples of that and the president is, i think, very correct to stand extremely firm and be extremely clear that he's not going to play that game. >> karen, the politics of this are frightening for the republicans. the latest polling does not support their stance. and given that they spent four years obstructing this president and failed, why do it again from the outset of his second term? >> well, you know, there's good news for the republicans, martin. karl rove's group, crossroads gps is going to spend some money for some ads, and we know that's a successful strategy in convincing the american people. >> that's good news. >> i can't pass that chance up to do that. >> i understand. >> i think part of what's so important about the polling, we talked about this on monday and the quinnipiac polling you were showing, the republicans have had time to make their arguments and it's not working. more people are moving tow
of this tax fight. the president took to twitter today to answer questions about the fiscal cliff. one person asked whether deductions for homeowners are at risk to which the president responded, breaks for middle class important for families and economy. if top rates don't go up, danger that middle class deductions get hit. signed "bo." yesterday house speaker john boehner said this on fox news. >> listen, nobody want to go over the cliff. that's why the day after the election i tried to speed this process up by making a concession to put revenues on the table. it's unfortunate that the white house has spent three weeks doing basically nothing. you know, the president's idea of a negotiation is, roll over and do what i ask. >> and on "meet the press" yesterday grover tried to change america's mind about who to blame if we do go off the cliff. >> tea party 2 is going to dwarf tea party one if obama pushes us off the cliff. let's not pretend who's pushing us offer the cliff. >> but continuing to insist that the president does have the better argument. >> at the end of the day, president obama
from a fiscal cliff? >> congresswoman, i am a financial illiterate, can you explain to me how you have all encompassing tax reform without taking a look at tax rates? >> well, we have. we believe that we need tax reform. we'd like to look at tax rates, we'd like to look at the loopholes, the tax credits. we want a simpler, less costly tax code for america. that's important for middle class families, important for our economy. that is what's going to help get this economy growing again. but we also -- it also republicans believe it has to include the spending. and the way congress has operated in the past, you know, yeah, we'll increase revenue, but then there's never the protections, never the tough decisions to actually cut the spending, reduce the debt, and that has to be a part of this one. >> fair enough. arianna? >> congresswoman, in your thanksgiving message, twice you emphasize the need for jobs, the need for growth, and then you mentioned the deficit. what do you think we should be doing right now to help create jobs and bring about greater growth? >> well, one of the first thi
herera with your cnbc market wrap. worries about the fiscal cliff send stocks lower. the dow fell 60 points, the s&p lost about 7, and the nasdaq is off 8 points. >>> an industry report on manufacturing showed activity contracted last month falling to the lowest level in more than three years. meanwhile, construction spending actually rose 1.4% in october due to increased spending on homes. >>> and ford and gm both ended lower after reporting their latest sales figures. that's it from cnbc, we are first in business worldwide, and now back to chris and "hardball." >>> we're back. hillary clinton is running for president. those are the words of new yorker editor david rem nick this week after he attended the saban forum. he writes of a tribute video in which american and world leaders display their love for the secretary of state and leave the door open for her future plans. i'd say wide open. here it is. >> someone who knows a thing or two about political comebacks. i can tell you i don't think we've heard the last of hillary clinton. ♪ because girl you're amazing just the way you a
thing about the fiscal cliff is, it can result in less discretionary income which can have an impact on the economy. it's really important we come together on a solution. >> one of the things you are known for at ford is really bringing everyone together. i mean, bringing this huge company together, really mobilizing everyone to work together. what advice -- you testified for your competitors back in the auto -- during the bailouts. what advice would you give to washington right now? what needs to happen to get us through this and to get to a deal so we don't do what you just said? >> it's so important and it really is about working together. and i think the most important thing is we really deal with our current reality. i mean, our budget dech sits and our debt are not sustainable. we need to work both the revenue side and the expense side and we need to come together. what we're talking about is the economy of the united states of america and we're only expanding around 2% right now. it needs to be considerably higher to bring more people off unemployment. the most important thing
on the wealthy. you guys are willing to go off the fiscal cliff? >> it republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a the a time when the american economy was doing exceptionally well, then there will not be an agreement. >> while geithner was drawing a line in the sand, house speaker john boehner was busy trying to lift his jaw off the flar after geithner presented the president's debt reduction plans to him last week. >> i was just flabbergasted. i looked at him and said you can't be serious. i have just never seen anything like it. >> yes, indeed, it seems that republicans are not quite sure what to make of the president taking a harder line across the bargaining table. >> you know, the president's idea of a negotiation is roll over and do what i ask. >> i think we're going over the cliff. it's pretty clear to me they made a political calculation. the president's plan is just, quite frankly, a joke. >> i'm not sure about that, senator graham, but there will be plenty of time for jokes later this evening with every member of cong
. thanks, guys. >>> in just a few minutes an inside look at the fiscal cliff fight on capitol hill. i'll speak with a member of the senate committees on finance and the budget. maryland democrat benjamin harden. >>> nbc news confirms nfl linebacker joe von belcher is suspected of committing a murder suicide. police say the 25-year-old member of the kansas city chiefs killed his girlfriend at her home before then driving to arrowhead stadium. and that is where team officials tried talking to belcher. police describe what happened next as the officers closed in. >> when the officers arrived, when they were pulling up they actually observed a blackmail who had a gun to his head. he was talking to a couple of coaches out in the parking lot, as officers pulled up and began to park that's when they heard the gunshot. it appears the individual took his own life. >> our nbc affiliate says belcher and his girlfriend had a 3-month-old old child now in family custody. what a tragedy there. >>> we also have breaking news from florida. that is where police are interviewing the bus driver who cause
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